If your intention is to make a move to a new home in 2018, then the time to get started is right now. There is still plenty of time to find your dream home and put in an offer, but you will need to rely on some expert tips to make sure everything goes as planned.
Hire A Good Agent
These days, the process of buying a home is so complicated that you need an experienced real estate agent to help you find exactly what you want. An agent has networks of sellers to consider, and they can access the national real estate databases online to make your search easier.
Hire A Good Lawyer
A real estate transaction is filled with legal problems that can pop up unexpectedly. You need a good lawyer to make sure that those problems are handled properly and that your closing goes off as it is supposed to.
Make A List
Your hunt should begin with a list of features you must have and a list of amenities that are part of your dream home. You should not expect to be able to get all of your amenities, but you will definitely want to make sure that the home you make an offer on has the features you want.
Before you start talking to a real estate agent, you should get pre-approved by a lender that you trust. Remember that your pre-approval is not a guarantee of being approved for your mortgage. If you abuse your credit or make bad financial decisions while you are looking for your home, you might not get approved for your mortgage.
Look At All Types Of Homes
You have your ideal home in your mind and you have based your list of essential features on that ideal home. But you should never zero in on one type of home without looking at what else is out there. You never know what you will find when you visit open houses and you might even find a dream home that you never knew you wanted in the first place.
Don’t put in an offer on the first home you see, no matter how much you think you love it.
Bring In Experts
Before you make an offer on a home, you should look at it at least twice. The first look is for yourself to see if you really like it. If you do like the home, then the second look is when you bring in a professional contractor to tell you if you are making a good investment.
Don’t Shy Away From Foreclosures
The idea that you will find a mansion for pennies on the dollar with foreclosures is far from true. However, sometimes all it takes is being in the right place at the right time to find a foreclosure that is everything you ever hoped for.
Consider The Future
As you look at homes, consider the possibilities for the future of the home and the neighborhood. Do you see a lot of signs in the neighborhood for future commercial development? If you are looking in a neighborhood you were once familiar with, does the neighborhood look like it has changed for the worse. Do some research and avoid investing in a home that could significantly drop in value only a few years from now.
Remember Your Needs
If you are a young couple looking to have children, then your new home needs will be different from the retiring couple. Think of your future plans and what you will need out of your home when looking to buy in 2018.
Be Realistic About Your Abilities
If you are not the greatest with tools, then avoid trying to save money by buying a fixer-upper. You might wind up spending way more than you anticipated.